You can't change the ICO every 3 days people will get pissed.
My suggestion is to get the platform working ASAP then extend the IPO until we get the fund needed.
Now, going back to the original idea, coming out with a product that everyone can see, test and value AND let the market decide the price of the coins as it was originally planned, can be done, achieve great results and get the thing moving within 7 days, instead of collecting a paltry amount that will do good to no one at all.
What if, the current ICO stands as it is, and the trading of the coins can start etc. Development will proceed, and after a while when there is something to show (a demo or something), hold another ICO with the price the markets have decided between the two ICO's. The time between could be a month, or 6 months depending on how fast the development goes.
That sounds like a viable option ... if these guys can afford to proceed with only 300-350 BTC, which would be more of a VC offering than a real ICO, leaving the bulk of the coins (roughly 8 million) to be offered in the real ICO. Sensible option, if they can afford it, otherwise it is hard to imagine that 350 BTC would be enough to even start something as complex and costly as Breakout Gaming. And without Breakout Gaming, there's no reason whatsoever for BRO to have a value above those 350 BTC ... for the whole 12.5 million coins.
I'm sure your very sensible suggestion will be rightfully evaluated and hopefully, assumed.
I've interpreted this as the plan all along, only with the names changed.
I imagine that the coins that don't sell during this initial ICO will be offered for a much higher price to private buyers after the ICO and after a functional platform is demonstrable.
The only difference is the public aspect of the second phase of the offering. I have essentially suggested such a public offering before, but the bro devs said that was not the plan. They should reconsider. If coins are offered for sale after a prototype is working, come back with a public offering before going to private buyers.
Actually, that would only make good business sense.
One way to set the value would be just to offer all the remaining coins in a second public offering and distribute them proportional to investment.
tx42, thanks for regularly commenting and contributing to the community. If we do not reach our intended goal of estimated 700 BTC, then we will raise the difference in a private sale in order to advance the project. The second phase will absolutely be offered to public first, once the project is able to go forward under better circumstances as you suggested. Hope this clears things up.
----
Disclaimer: Breakout Coin and Breakout Gaming are two separate services/entities. Breakout Coin is offering BRO coins for btc. By participating in this "coin sale," you are not purchasing interest in Breakout Gaming. You are solely participating in the "coin sale" of a crypto coin that happens to have a gaming company that supports the BRO coin by having their chips denominated in the BRO crypto coin.
As specified in the first paragraph in the Terms and Conditions:
WARNING: Do not purchase BRO if you are not an expert in crypto tokens or currency and blockchain technology.
This coin sale is not an offer of investment or securities in any business, venture, or company, or in any form of gaming operations or activity; purchase of BRO does not entitle the buyer to any interest in any profits or revenue of any common enterprise arising from the activities of others.
